Initiating frivolous criminal actions against large corporations, would give rise to adverse economic consequences for the country in the long run. Therefore, the Regulator must be cautious in initiating such an action and carefully weigh each factor.
SUPREME COURT OF INDIA FULL BENCH RELIANCE INDUSTRIES LIMITED — Appellant Vs. SECURITIES AND EXCHANGE BOARD OF INDIA AND OTHERS — Respondent ( Before : N.V. Ramana, CJI., J.K. Maheshwari…